Something to ask about CPF allocation

[1982-1994]

I am turning 45 next year, so my OA allocation is it 0.5677 or 0.5136?

 

[lousydk]

above 45 means only applies the month after your 45th birthday

example in the cpf webpage below
https://www.cpf.gov.sg/service/article/how-are-my-cpf-contributions-allocated-to-my-cpf-accounts

 

[menthol28]

After your birthday it's 0.5136 from the graph

 

[Halfling]

Yes, the OA allocation will decrease

 

[grevq80o]

I am turning 45 next year, so my OA allocation is it 0.5677 or 0.5136?

your birth month lo... If you turn 45 in Feb, then Feb contribution will be allocated in the new way.

 

[turtledovezebra]

After your birthday, should still be 0.5677. Because your age is still 45. The "above" only refers to the first age stated in each row.

When you reach 46, then is the next tier.

 

[magna_strike]

Honestly this is confusing as heck. Preferred it when they refer to it using percentages instead of this difficult to remember ratios.

 

[Shion]

0.5677 i think

 

[xcodes]

why does it matter anyway

cant touch

agree ... not as if you can do or change anything about it ...

 

[1982-1994]

why does it matter anyway

cant touch

agree ... not as if you can do or change anything about it ...

People like you guys who are probably earning above median income won't understand one

 

[xcodes]

People like you guys who are probably earning above median income won't understand one

bro ... it's not about above or below the median income ... what I mean is that, you can't change anything in CPF right? like CPF allocation ... can we change it? or maybe I'm missing out something?

 

[1982-1994]

bro ... it's not about above or below the median income ... what I mean is that, you can't change anything in CPF right? like CPF allocation ... can we change it? or maybe I'm missing out something?

To plan ahead

 

[1982-1994]

After your birthday, should still be 0.5677. Because your age is still 45. The "above" only refers to the first age stated in each row.

When you reach 46, then is the next tier.

Might as well put
46-50 :0.5136
51-55: 0.4055

 

[1982-1994]

I am turning 45 next year, so my OA allocation is it 0.5677 or 0.5136?

I have turned 45 on the 12th, and the allocation to OA is still 0.5677

 

[jtsh55]

I have turned 45 on the 12th, and the allocation to OA is still 0.5677

You check your next month's CPF allocation, I think OA's allocation should be changed to 0.5136

 

[hachi]

Don't loan till 65.. After 55 you might need to pay cash for housing loan...

 

[1982-1994]

You check your next month's CPF allocation, I think OA's allocation should be changed to 0.5136

I thought the contribution made after the day I turned 45 should be in different tier

Don't loan till 65.. After 55 you might need to pay cash for housing loan...

Thanks
As long as hit FRS plus working plus yearly medisave topup, no need to pay cash since MA flows to OA monthly and the annual interest for OA would be above $20k after monthly HDB loan repayment of $700

 

[hachi]

Many max out their OA then have a shock after 55.. And thats when you really start paying your principal amount...

 

[1982-1994]

Many max out their OA then have a shock after 55.. And thats when you really start paying your principal amount...

Likely they never hit FRS and BHS

 

[grevq80o]

I am turning 45 next year, so my OA allocation is it 0.5677 or 0.5136?

based on your birthday when the $ is allocated. If you BDay is 18th March, if CPF credits your account on 18th March, it will be new allocation, if CPF credit your account on17th March then is old allocation.
Peace...